The Swiss private bank said the new fintech service comes in response to demand for customised investment products in Germany.
Vontobel has launched “mein-zertifikat.de” (my-structured-product.de) in Germany, allowing investment advisors and private investors to create, order and then invest in structured products in real time.
The platform will enable private investors, advisors of banks and savings institutions, and asset managers to issue discount certificates, capped bonus certificates and reverse convertibles according to customised needs on the basis of market data and simulations in real time.
Once the client has received an indicative product offer from a provider, then the new issue request for the structured product can be issued through the platform. The client will have the option to trade at stock exchanges in Frankfurt and Stuttgart 30 minutes after confirmation of the issue. The service, which is free of charge, requires no minimum purchase for users.
“Everyone is now able to order their own individually customised certificate as desired and can then purchase it subsequently at the stock exchange. Various product alternatives can be calculated in real time. This eliminates the previously often cumbersome and time-intensive search in existing product offerings,” said Roger Studer, head of Vontobel Investment Banking.
“Investment advisors will be able to increase the quality of their advice and can provide their clients with a customised structured product and a new client experience. Self-decision-making private investors in turn can become familiar in detail with the variety the certificate spectrum has to offer before making an investment.”
The service will go live on 30 August.